RBS Rating Reiterated by Investec (RBS)
RBS (LON:RBS)‘s stock had its “sell” rating restated by analysts at Investec in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a GBX 345 ($5.51) price target on the stock. Investec’s price target indicates a potential downside of 8.46% from the stock’s previous close.
RBS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of RBS in a research note to investors on Friday. They now have a GBX 275 ($4.39) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of RBS in a research note to investors on Thursday. They now have a GBX 360 ($5.75) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of RBS in a research note to investors on Wednesday. They now have a GBX 210 ($3.35) price target on the stock. Fourteen analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 323.86 ($5.17).
Shares of RBS (LON:RBS) opened at 372.40 on Friday. RBS has a 52 week low of GBX 264.972 and a 52 week high of GBX 387.50. The stock’s 50-day moving average is GBX 340.6 and its 200-day moving average is GBX 313.3. The company’s market cap is £41.608 billion.
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.